Bitcoin mining and electricity consumption explained
Bitcoin mining consumes a whole lot of electricity, even more than those consumed by nations. This article further delves in to this topic and explains why this phenomenon is so. Bitcoin mining is the method through which new bitcoins are placed into circulation. Bitcoin mining is laborious, expensive, and only seldom profitable. However, because miners […]
SEC: US Banks to Reconsider Custody Projects
The SEC says that lenders should treat customers’ crypto assets as liabilities, which could be “too expensive” for banks. People who know about the situation told Reuters that the U.S. SEC advice on how banks should handle their customers’ digital assets is causing problems for the banks’ crypto projects. In March, the SEC said that […]
Merge Held Ether Futures Activity to Staking Yields
Stakers have always been and will continue to be natural sellers of Ether Futures and perpetual futures, and the amount of hedging will increase as yields from staking go up. The Ethereum Merge, which happened on Thursday, made some changes to the way the blockchain is built. These changes will make the blockchain more environmentally […]
TrueLayer Set To Lay Off Employees
About 45 people will lose their jobs at the company, which was worth more than $1 billion a year ago. TrueLayer, an open banking startup in London, said it will lay off 10% of its staff because of “challenging market conditions.” LinkedIn says that TrueLayer has 443 workers, which means that about 45 people will […]